Growth driven by products and services that help farmers grow sustainably amid the challenges of global food security and climate change
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9M Group Revenue at $25.9 billion, up $4.9 billion, +2124% YoY
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Consolidated revenue increased to $7.9 billion in the third quarter
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9M EBITDA at $4.6 billion, up 30% YoY
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Q3 EBITDA increased to $1.0 billion
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Syngenta Group today announced strong financial results for the third quarter and first nine months of 2022. Consolidated revenue increased 20 percent to $7.9 billion in the third quarter, up $1.4 billion year-on-year. Third-quarter 2022 EBITDA increased 24 percent to $1.0 billion, driven by higher sales of innovative products and services, increased productivity and pricing that offsets higher costs.
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Syngenta Group Headquarters – Basel, Switzerland (Photo: Business Wire)
Consolidated revenue for the first nine months of 2022 was $25.9 billion, up $4.9 billion, up 24 percent year-on-year. EBITDA for the first nine months of the year was $4.6 billion, up 30 percent year-on-year.
Q3 2022
|
|
Q3 2022 |
Q3 2021 |
change |
Alteration (CER) |
|
|
billion $ |
billion $ |
% |
% |
|
sale |
7.9 |
6.5 |
+20 |
+25 |
|
EBITDA |
1.0 |
0.8 |
+24 |
+29 |
9M 2022
|
|
9M 2022 |
9M 2021 |
change |
Alteration (CER) |
|
|
billion $ |
billion $ |
% |
% |
|
sale |
25.9 |
21.0 |
+24 |
+27 |
|
EBITDA |
4.6 |
3.5 |
+30 |
+36 |
Syngenta Group’s strong performance continued in the third quarter, despite an increasingly challenging macroeconomic environment, including a continued strengthening of the US dollar. All businesses showed good momentum, benefiting from solid demand for the group’s diverse products and services that help advance regenerative agriculture, enabling farmers to grow crops sustainably while increasing yields. Revenue growth was driven by a significant increase in revenue across all businesses, driven by…
